Goldman Sachs upgrades US recession risk to 45% amid escalating trade war tensions
Goldman Sachs has increased the probability of a US recession to 45% due to concerns over President Trump's proposed tariffs and their potential disruption to the global economy. Several other major investment banks, including JP Morgan, have also raised their recession risk predictions. Consequently, Goldman Sachs now anticipates the Federal Reserve to begin cutting interest rates in June.
Goldman Sachs has increased the probability of a US recession to 45% due to concerns over President Trump's proposed tariffs and their potential disruption to the global economy. Several other major investment banks, including JP Morgan, have also raised their recession risk predictions. Consequently, Goldman Sachs now anticipates the Federal Reserve to begin cutting interest rates in June.
